Hsbc Holdings PLC Boosts Position in Citizens Financial Group, Inc. (NYSE:CFG)

Hsbc Holdings PLC raised its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,160,954 shares of the bank's stock after purchasing an additional 257,410 shares during the quarter. Hsbc Holdings PLC owned approximately 0.72% of Citizens Financial Group worth $138,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in Citizens Financial Group during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Citizens Financial Group during the fourth quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $47,000. Duncker Streett & Co. Inc. bought a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in Citizens Financial Group in the 4th quarter valued at $66,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Price Performance

CFG traded down $0.09 on Monday, reaching $36.97. The company had a trading volume of 572,306 shares, compared to its average volume of 4,784,555. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 0.81 and a beta of 0.81. The business has a 50 day simple moving average of $39.87 and a 200 day simple moving average of $43.46.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is 53.33%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stephens dropped their price target on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Royal Bank of Canada cut their price target on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Citigroup cut their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Piper Sandler decreased their price target on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their target price on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.18.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.